• Solana remains bullish, and the experts anticipate a break towards $500–$600 levels.
• Nasdaq-listed Solana Company (NASDAQ: HSDT) makes headlines with a $530 million SOL purchase for its treasury.
• Rising community sentiment drives SOL’s upward trend, cementing its recovery in the crypto market.

Solana (SOL) is capturing attention in the altcoin sphere with a surge in its price as BTC has surged above its previous ATH to make a new all-time high. The SOL price has risen 2.68% over the last 24 hours and 12.79% over the last week.

At the time of writing, SOL is trading at $236.25 with a market capitalization of $128.87 billion. Moreover, its trading volume is $6.97 billion, gradually picking up steam, reflecting the interesting mode of both traders and investors.

Source: CoinMarketCap

Solana Company Buys $530 Million SOL for Treasury

The crypto analyst, Crypto News Hunters, highlighted that Nasdaq-listed SOL Company (NASDAQ: HSDT) has gained attention after buying $530 million in SOL for its treasury, a major shift from its neurotech past. 

The company has approximately 2.2 million SOL and $15 million worth of cash, which reflects firm confidence in Solana’s future. This action makes the company a pioneer Solana-centric investor, much like what MicroStrategy did for Bitcoin strategies.

The action is a sign of increasing institutional confidence in Solana, based on its velocity, staking returns, and growing ecosystem. By adding SOL on its balance sheet, the company aims for yield and future value. However, such a strategy invites volatility risk and regulatory risk, which makes Solana Company worth watching for crypto adoption.

Also Read: Solana Skyrockets Above $230, Is $300 the Next Explosion?

Solana (SOL) Price Set to Explode With $600 in Sight

Moreover, the crypto analyst, Jelle, revealed that SOL keeps on its silent ascent, gradually gaining pace while the rest of the market observes from the sidelines. Following a stressful 1.5-year consolidation, which terminated many holders, the price action of the network now reflects strength and restored confidence. Specialists forecast a rise towards the $500–$600 region until the end of the year.

Source: CoinMarketCap

In spite of a steady rebound, however, many traders don’t believe it, referring to this trend a hated rally, which wasn’t much anticipated. Solana’s ecosystem remains vibrant, with healthy DeFi rise, NFT activity, and active developers driving demand. If the course continues, SOL might be priming for one of crypto’s largest recoveries.

Solana (SOL) Community Votes Signal Strong Optimism

According to the data from CoinMarketCap, the community sentiment dives a highly bullish mood, with 85% of respondents showing a bullish attitude. From a large 787.4K total votes, the vast majority anticipate prices, trends, or performance increasing steadily. This shows a high degree of confidence, optimism, and enthusiasm across market participants.

Source: CoinMarketCap

On the other hand, 15% of voters remain bearish, expecting a likely dip or a short-term correction. While comprising a lesser share of views, it does reflect the existence of risk-sensitive or risk-averse investors. As a whole, the sentiment of the market remains strongly towards being positive, expanding prospects, and upward movement.

Also Read: Solana Strengthens Network Efficiency After $250 Peak and Alpenglow Launch